July inflation overshot target, surged to 4.4%

Philippine inflation in July surged to a nine-month high of 4.4 percent, fueled by rising prices in housing, utilities, transport, and food, the Philippine Statistics Authority (PSA) reported on Tuesday. Preliminary data from the agency showed that the consumer price index accelerated from the 3.7 percent in June, but slower than the 4.7 percent recorded
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